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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (86026)	6/26/2002 8:31:10 AM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Haim, the average person understands WCOM, as they have contact with them through MCI. It is a big story, having dropped in market cap from around #3 to chump change. It is a scandal. People are already in jail from dealings at WCOM. Years from now kids will be reading about this in history books. It plays a huge part on the psychology of the individual investor. Loss of confidence in stocks is what corrections and crashes are all about. Most people don't have a clue what Fannie Mae does. They think that's that chocolate store around the corner.